Calif. pension battle brewing. Sounds eerily familiar.
UC service workers, members of AFSCME Local 3299, picket at UC Irvine Medical Center. The union has scheduled a five-day walkout starting March 3. (Glenn Koenig / Los Angeles Times). |
It's a revenue crisis, not a pension crisis but "reform" always seems to mean placing the burden squarely on the backs of the retirees and sparing the wealthiest and the corporations any new tax increases.
The L.A. Times reports:
Gov. Jerry Brown and legislative leaders are pledging to repair and replenish the $181.1-billion retirement system that is supposed to finance more than